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Everybody creates money all the time. The trick is getting other people to accept it. If you have a trade account at a business, that's money creation.
by neilwilson 4y ago
Everybody creates money all the time. The trick is getting other people to accept it.
If you have a trade account at a business, that's money creation.
- eru 4y agoYes. That's why it makes more sense to talk about money-ness as a gradual property. Eg Amazon store credit has some properties of money, but is not universally accepted. Similar for cigarettes in prison (or whatever is popular for that purpose at the moment).